Is the Bottom in the cash? | 9/18/24 Cattle Call

If the bottom is in for cash cattle, the market is showing signs of stabilizing after dealing with the recent fund roll. On this week's Cattle Call, Brad Kooima with Kooima Kooima Varilek dives into the actions of this week's trade. As we head toward Friday’s Cattle on Feed report, the industry is paying close attention to key regional dynamics: empty pens in the North suggest tightening supplies, while the South is still pushing heavy cattle. Packers appear to be running close to the knife, meaning they may be managing supplies more carefully as they balance tight cattle inventories with slaughter needs. Heading into the fall, the cattle market has a mixed feel, with optimism about tighter supplies potentially supporting higher prices, but continued caution due to heavier southern cattle and packer margins.